Insights
June 29, 2018
Madison, Mississippi resident Arthur Lamar Adams was charged last month with orchestrating a massive Ponzi scheme exceeding $100 million stolen from more than 250 investors in at least 14 states. Auth...
June 19, 2018
SEC charges eight in $102 million Ponzi scheme The Securities Exchange Commission filed a civil complaint today against five individuals and three entities in a massive Ponzi scheme involving $102 mil...
June 8, 2018
A Ponzi scheme is a form of investment fraud in which the scheme’s operator pays returns on purported investments to the current “investors” using money collected from new “investors.” Because such a ...
May 18, 2018
Residents in White County, Tennessee have been shocked by revelations that a trusted local businessman spent the past four years duping investors in a massive $43 million Ponzi scheme. Yesterday, 40-y...
December 23, 2017
Did you lose money investing with the Woodbridge Group? The Frankowski Firm can help The Securities and Exchange Commission (“SEC”) announced yesterday that it was bringing charges and freezing the as...
October 4, 2017
How much would you be willing to pay for a ticket to see Hamilton ? What about seeing Adele live in concert? Sports radio talk show host Craig Carton preyed on the popularity and exclusivity of these ...
September 6, 2017
Aside from movies like Oliver Stone’s Wall Street and Martin Scorsese’s more recent Wolf of Wall Street , one of the few experiences the average layperson will have had with investment fraud is Bernie...
June 14, 2017
Beyond sheer greed and malevolence, the most common catalyst for Ponzi schemes is to cover up other serious losses. This was the situation for Francisco Illarramendi, a former hedge fund manager in Co...
March 29, 2017
For many people, the phrase “securities fraud” is synonymous with Bernie Madoff, the man who ran a multi-billion dollar Ponzi scheme that resulted in thousands of people losing their investment funds....
February 8, 2017
Adam Blank, an investor in the alleged $81 million Ponzi scheme pertaining to the buying and selling of tickets to popular shows, including Adele concerts and Broadway’s Hamilton, sued his broke...
December 14, 2016
A year ago, real estate investment trust (“REIT”) United Development Funding IV was accused of operating as a Ponzi scheme. Since then the FBI has raided its offices, the REIT’s shar...
November 28, 2016
Levi David Lindemann, a Minnesota investment advisor, received a six-year prison sentence for stealing from clients and operating a Ponzi scheme, according to the Minnesota Department of Commerce. Lin...
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